Corporate Law Articles

Annual Return on Foreign Liabilities and Assets (FLA)

CS Tanveer Singh Saluja 17 July 2021 at 16:53

FLA Return is an Annual Return that is required to be submitted by those entities which have received FDI and/or made overseas investments in any of the PYs including the Current Year.

MGT-7 or MGT-7A? Which one to file?

CS Tanveer Singh Saluja 17 July 2021 at 16:52

Every company shall file its annual return in Form No. MGT-7 except for a One Person Company and Small Company. OPC and Small Company shall file the annual return from the FY 2020-2021 onwards in Form No. MGT-7A.'

Whether MGT-9 is required or not?

CS Tanveer Singh Saluja 16 July 2021 at 09:58

There's confusion amongst Professionals regarding the requirement of preparing form MGT-9 for F.Y. 2020-21. For that matter, let's take into consideration the developments made by the Ministry from time to time.

IBBI (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2021

CS Tanveer Singh Saluja 15 July 2021 at 18:50

IBBI has notified a new set of regulations to amend the existing IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 which shall come into force as on the date of its publication in the Official Gazette.

SOP for delisting of Subsidiary Company

CS Tanveer Singh Saluja 15 July 2021 at 13:00

SEBI has issued a Circular to bring into action Standard Operating Procedures for listed subsidiary companies desirous of getting delisted, through a Scheme of Arrangement.

Checklist for name change of listed company

cs sujeet kumar 12 July 2021 at 09:08

Checklist for Name Change of Listed Company registered in India explains requirement under Companies Act, 2013, SEBI Act and Regulations and Relevant Stock Exchange Regulations.

Form NFRA-2 National Financial Reporting Authority

cs sujeet kumar 12 July 2021 at 09:07

FORM NFRA – 2 is governed by Section 132 of the Companies Act, 2013 and rule 3 and 5 of the National Financial Reporting Authority Rules, 2018. This is an Annual Return to be filed by an Auditor with NFRA.

Quarterly MCA / ROC Updates for the month of April - June 2021

CS Lalit Rajput 11 July 2021 at 18:55

Discussing MCA / ROC updates for the month of April, May and June 2021, including COVID-19 updates, relaxations, key circulars and monthly updates.

Applicability of IND AS

DEEPAK SETH 10 July 2021 at 09:21

MCA has notified a phase-wise convergence to IND AS from current accounting standards. IND AS shall be adopted by specific classes of companies based on their Net worth and listing status.

FLA Return - FLAIR System, Key Points & FAQs

DEEPAK SETH 09 July 2021 at 09:02

Foreign Liabilities and Assets Return is an Annual Return on Foreign Liabilities and Assets required to be filed by an Indian Company and LLP to RBI within the prescribed due date.